On November 6, according to foreign media reports, on Thursday, the price of Bitcoin broke through the $15,000 mark, setting a new high this year . Earlier, the price of Bitcoin just broke through the $14,000 mark.
Data from CoinDesk shows that in the past 24 hours, the price of Bitcoin has risen by nearly 10%. A few hours after breaking through the $14,500 level, the price of the cryptocurrency broke the $15,000 mark.
Bitcoin is the world’s largest cryptocurrency, and this cryptocurrency is known for its price fluctuations. Since the beginning of this year, the price of Bitcoin has soared. Since falling below $4,000 in March this year, the price of the cryptocurrency has doubled.
Joe DiPasquale, CEO of BitBull Capital, a cryptocurrency hedge fund management company, believes that bullish sentiment is the main driver of the recent rise in Bitcoin prices.
Bitcoin is a cryptocurrency that uses blockchain as a payment system. It was invented by Satoshi Nakamoto in 2009 based on a borderless peer-to-peer network using consensus-active open source software. Through encrypted digital signatures, it is possible to solve the problems of electronic money such as multi-payment and transaction security without going through any third-party credit institutions.
It is reported that the supply of Bitcoin is limited to 21 million, and this number is expected to reach around 2140.
Foreign media said that although the price of Bitcoin is obviously too high, the demand for Bitcoin is still growing significantly. The distribution map of holders shows that the number of investors holding 100 to 1,000 bitcoins has increased significantly.
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